Long

#SOLANA / WE HAVE SHORT-TERM GROWTH!!

Updated

Be sure to read the explanation on the chart!!

It cannot be guaranteed that SOLANA can have continuous growth
But short-term growth up to the targets of 142.04, 144.37 and 148.07 is possible.

The resistance of 148.07 related to the daily time-frame may cause the start of a fall in SOL.

#SOL, in case of a drop, can react positively to the key supports of 137.97 and 135.88.

The STOP-LOSS of the growth scenario: the break of support is 135.88 in the 4-hour time-frame.
I will update if it becomes active...

What do you think about the short term future of #SOLANA?

Note

Hello again❤️
👉As you know, my opinion was on the growth of #SOL, of course, for now, we say temporary!!✅

🔰I put this post on the price of 139.5 and so far it has been able to achieve the first and second targets (142 and 144.4). This is equivalent to about 4% profit.

🔰I hope you took advantage of this golden opportunity!

🔰As I said in the post, the next target is 148.07, which is a very important resistance and can be the final target for the growth of #SOL, and after hitting it, we will see a DROP (of course, I will update the analysis of #SOL soon. Stay with me)

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👉#SOLANA trading tips based on my analysis:

🔰#SOLANA/ 15 minutes TF
Let's take a look (educational) at what happened after the video I sent yesterday

🔰First, a double bottom was formed and after the break of the double bottom, we had a symmetrical triangle, which finally broke the triangle with a type 2 break.

🔰Based on this confirmation in the time of 15 minutes until the HIGH of the triangle, gave a 4.3 R/R, which is very good for a confirmation in the time of 15 minutes.

🔰#SOLANA/ 1 minutes SETUP

Note

🔄#SOLANA analysis update - July 14

⏳Based on the daily time-frame:
👉As you can see in the figure:

🔰SOLANA has reached the dense range of resistances with a slow growth.
Resistances include:
BEARISH trend-line of the daily time-frame
and the price range is 148.07-150.76 (obtained from the pivot indicator)

🔰This range of resistances is a strong barrier against further growth, and the possibility of a resumption of DROP is high from here

🔰The next target if it starts to fall:
Range 116.76-122.00

❌Note: #SOALAN can continue its growth only in the case that it can break the resistance of 148.07 in the daily time-frame (BEARISH scenario SL).

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⏳Based on the 4H time-frame:
👉As you can see in the figure:

🔰#SOLANA is currently engaged with the HIGH of the 4-hour time-frame triangle and also slightly above the resistance of the daily time-frame

🔰Considering that the weakness of momentum is also seen in the MACD indicator:
There is a possibility of falling from the mentioned resistances with divergence

🔰A simple confirmation for the DROP: the breakout of the BULLISH channel within the triangle on the 1-hour time-frame.

Note

🔄#SOLANA analysis update - July 15
⏳Based on the daily time-frame:

🔰So far, the market has grown as predicted.

🔰Today's daily candle is very important!!
If the resistance of 148.07 is broken at the end of today, #SOLANA will enter a new BULLISH phase.

🔰If this condition is fulfilled, the next targets are:
Target 1: BEARISH trend-line with a slower slope(SEE THE FIG)
Target 2: 174.14
Target 3: 195.93-201.67

🔰Keep in mind that the BREAKOUT and confirmation of growth has not yet occurred and if the market recovers today's growth, we are still on the scenario of temporary growth and continued DROP.

🔰About the BEARISH scenario and its details, it should be discussed in the 4-hour time-frame. Which I will explain below

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⏳Based on the 4H time-frame:
👉As you can see in the figure:

🔰I mentioned the growth condition in the daily time-frame, but the fall condition can be clearly defined in the 4-hour time-frame.

🔰In case of crossing the triangle pattern (breakdown of its lower arm) and the support of 141.33, #SOL will start to fall towards the previous LOW ZONE and even more!!

🔰There is a possibility that #SOL will show weakness from one of the resistances: the previous HIGH or the triangle target (see the figure). Whether this weakness can be temporary or continuous, depends on whether it can fulfill the condition of falling or not!!

Note

🔄#SOLANA analysis update - July 16
⏳Based on the daily time-frame:

👉As I said, we had two important resistances on SOL's growth path, and both resistances were broken.
So the growth path is paved for SOLANA.

🔰SOL can see the following targets:
Target 1: 162.09-163.96
Target 2: 174.14
Target 3: 195.93-201.67

🔰Where do you think SOLANA's final target is?

🔰If SOL falls before reaching the targets, the support range of 148.07-141.33 can form a bottom and resume growth.

Note

The first target was hit based on the July 16 update. (162.12-163.89)✅🎯

Note

🔄#SOLANA analysis update - July 17
⏳Based on the 1H time-frame:

After achieving the short-term growth target in SOLANA (as referenced in the previous updates of this post), we observed the following:

1. **Divergence Confirmation**: In the 1-hour time frame, the divergence was confirmed, and subsequently, the trend-line with the steepest slope was broken downward. This confirms a temporary drop in price!!

2. **Temporary Nature**: I use the term "temporary" because during this growth phase, SOL breakS its daily time-frame resistance levels.

3. **Next Price Targets for SOLANA's Decline**:
- **Target 1**: The trend line with a slower slope.
- **Target 2**: The range between 148.07 and 148.62.
- **Target 3**: 141.33.

4. **Ultimate Drop**: Target 3 (141.33) represents the ultimate decline level for SOL. If this SUPPORT level is BROKEN in the 4-hour time-frame, it could signal a shift in trend from BULLISH to BEARISH—STOP-LOSS of the growth scenario.

Keep a close eye on those levels! 🚀🔍

Note

🔄#SOLANA analysis update - July 17
⏳Based on the 15m time-frame:

👉“In what case is the drop scenario canceled before REACHING the targets LEVELS?

🔰According to the chart provided, if the OLD BEARSH trendline breaks within the 15-minute timeframe, the bearish SCENARIO is invalidated, and a potential BULLISH move may begin.

🔰Additionally, pay attention to the static resistance level at 158.56, as it could play a crucial role. The 2 trendlines shown in the figure also serve as potential points for the resumption of the DROP.”

Note

🔄#SOLANA analysis update - July 18
⏳Based on the 1H time-frame:

🔰SOLANA may continue to decline based on the head and shoulders pattern. Here are the reasons I mentioned in the previous update:

🔰To confirm the downtrend, the neckline of the head and shoulders pattern must be broken in the 1-hour timeframe and close below the price of 155.08.

🔰If this condition is met, SOLANA could reach the following targets:
Target 1: 152.19
Target 2: 148.07-148.87
Target 3: 141.33

🔰The stop-loss (SL) for the bearish scenario is the break of the resistance 157.98. If this resistance level is breached, the above scenario is invalidated, and the chart needs to be reevaluated.

Note

🔄#SOLANA analysis update - July 19

🔰According to the analysis of July 18th, I was expecting a further decline, waiting for the neckline of the head and shoulders pattern to break, but this did not happen.

🔰In the continuation, it was able to break the resistance of 157.98, which was the stop-loss of the decline scenario, which means that it could continue to grow in the continuation, which is what happened!!

🔰Note: The activation of the stop-loss of a scenario is equivalent to the start of the movement in the opposite direction. However, the extent of that movement, whether it is temporary or continuous, requires further analysis.

Eldorado_Land

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